57
57
Jan 12, 2013
01/13
by
FBC
tv
eye 57
favorite 0
quote 0
spend a million dollars for education. the craziest thing ever. >> in other times things don't go as planned. you might enter school intending to do something that pays a high salary and might not graduate. by the time you graduate you may have changed from mind, so i think families need to be realistic about the risk involved in banking on coming out of school was a really high salary. gerri: charlie, i want to ask you a question. the very fact of governments and loans, is that the thing that is spurring colleges and universities in many cases to raise the tuition each and every year. at the end of the day the kids would get the money to come to school with. >> i think government plays a huge role in my tuition is skyrocketing. since 1980 the revelation has been 135%. you can see that because we keep on passing more and more government programs and a central authority trying to back it. in pleading in this tree, happening with the student loan bubble command government says we will subsidize it. more people want to go in
spend a million dollars for education. the craziest thing ever. >> in other times things don't go as planned. you might enter school intending to do something that pays a high salary and might not graduate. by the time you graduate you may have changed from mind, so i think families need to be realistic about the risk involved in banking on coming out of school was a really high salary. gerri: charlie, i want to ask you a question. the very fact of governments and loans, is that the thing...
67
67
tv
eye 67
favorite 0
quote 0
by 2016, the state is on track to spend more on government pensions than on education. how can that be the case? that sounds crazy to me. >> it is amazing. in fact, we are the ones who put up that report and reported that $0.71 of every new dollar the state is putting into k-12 education is going into pensions and $0.80 per dollar is now going to pensions, and eventually that will crowd out all education spending for the pension payment. it is outrageous, and we have to reform the system. what we saw in a lame-duck session is there is no courage yet. the democrats have supermajorities in both chambers if they want to fix it, they have the power. gerri: but they are not doing anything. >> no, they are not. gerri: you have ideas with the best things to do, starting with suspending cost-of-living increases for state workers. give us that soup-to-nuts thing. >> it's actually very simple have a fix the problem in terms of the policy solution. you have to freeze compounded cost-of-living increases which would eliminate half of the unfunded debt. number two, raise the retireme
by 2016, the state is on track to spend more on government pensions than on education. how can that be the case? that sounds crazy to me. >> it is amazing. in fact, we are the ones who put up that report and reported that $0.71 of every new dollar the state is putting into k-12 education is going into pensions and $0.80 per dollar is now going to pensions, and eventually that will crowd out all education spending for the pension payment. it is outrageous, and we have to reform the system....
77
77
tv
eye 77
favorite 0
quote 0
as we told you, she was shot in the head by muslim extremists for promoting growth and education in her own country. she will live with their parents and o brothers in the u.k. was a continues to receive treatment good news. meanwhile, the jobs report showing the slight growth. not really moving the economic neil. presence dollar an american enterprise institute and former consultanto the treasury department and steve sn, president of capital public affairs and a former labor department official. all-starith you. where can i get -- what you make of this report? >> 455,000, which was the jobs increases, the average for the past couple of years. what is really striking about this is this is the best we will e r a while. gerri: what? >> yeah. normally at the start of the year we're looking at big stimulus. last year payroll tax cut, help fr the fed. on average since 2008 the stimulus of the srt of the year has been three and 55 billion. this year its-270000000000. so we go from of big tailwind to a big head wind. this isthe best nuers we can do at this point, wait until those tax cuts, peo
as we told you, she was shot in the head by muslim extremists for promoting growth and education in her own country. she will live with their parents and o brothers in the u.k. was a continues to receive treatment good news. meanwhile, the jobs report showing the slight growth. not really moving the economic neil. presence dollar an american enterprise institute and former consultanto the treasury department and steve sn, president of capital public affairs and a former labor department...
72
72
tv
eye 72
favorite 0
quote 0
care to explain is the president of consumer education for smartcredit.com. john, i'm going to put up the full screen. it adds up. eight dollars to replace a car, $3 if you don't use the card. what you say about pcs? what he say about the card? >> if you take a monthly fee and nothing else, meaning that you do nothing else ,-com,-com ma you are still paying a little over $47 per year as an annual fee to get access your own money. this card -- i can't believe i'm saying this, compared to some of the other product is actually not as bad as some of the other ones. it is a flawed way of doing this. it's like saying that my broken arm is not as bad as yours. >> okay, you and i have talked about russell simmons, kim kardashian, even magic johnson let's be clear. celebrities seek ways to raise money, make more money. and how are they doing a? >> welcome i think what's happening is them of these issuers recognize that there is a market. and that instead of marketing a product like normal financial institutions are doing so, they are actually hooking themselves up wit
care to explain is the president of consumer education for smartcredit.com. john, i'm going to put up the full screen. it adds up. eight dollars to replace a car, $3 if you don't use the card. what you say about pcs? what he say about the card? >> if you take a monthly fee and nothing else, meaning that you do nothing else ,-com,-com ma you are still paying a little over $47 per year as an annual fee to get access your own money. this card -- i can't believe i'm saying this, compared to...